The Cost Transparency Initiative (CTI) was launched in November 2018; it is an independent group supported by the Pensions and Lifetime Savings Association (PLSA), the Local Government Pension Scheme Advisory Board and the Investment Association (IA).
CTI is a new industry standard for institutional investment cost data. This built on the recommendations of the Institutional Disclosure Working Group (IDWG)*. The availability of comprehensive and transparent information on costs and charges is important in helping investors to decide whether investments represent value for money. A set of templates and tools have been developed to form a framework investors can use to receive standardised cost and charges information from asset managers.
* The IDWG was disbanded after submitting its final report and recommendations to the Financial Conduct Authority (FCA) in June 2018. Its goal was to achieve agreement on a standardised disclosure template.
You can find more information on the CTI webpage and IA website
AREF’s CTI & Expense Ratio Working Group have been working with CTI to enable cost data for real estate funds to be recorded in a consistent and clear way on the templates. To assist AREF members with completing the CTI templates we have produced a CTI Reporting Q&A.
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